Written by wordpress627 on May 15, 2018
Our mutual fund filing specialists are experts with the particulars and the deadlines of mutual fund reporting. This involves monitoring the very subtle changes, prospectus-by-prospectus, across a trust.
Certainly, ‘40 Act filings are no more precise than ‘33 and ‘34 Acts, however the process and volume of work can be much larger, or perhaps, more layered.
Corporate SEC filings compared with mutual fund SEC filings:
|N-1A: Initial fund registration||S-1: Initial IPO registration|
|N-1A/A: Pre-effective amendments||S-1/A: Pre-effective amendments
|485APOS: Post-effective amendments||POS AM: Post-effective amendments|
|485BPOS: Post-effective amendments with XBRL risk/return reporting||–|
|497: Supplement report||8-K: Current report|
|N-Q: Filed Q1 and Q3 reporting||10-Q: Quarterly report with XBRL|
|N-CSRS: First six-month report including non-financial information||–|
|N-CEN (NSAR-A): First six-month financial-based report||–|
|N-CSR: Year-end report including non-financial information||10-K: Annual report with XBRL|
|NSAR-B: Year-end financial-based report||–|
|DEF 14A: Definitive proxy statement||DEF 14A: Definitive proxy statement|
|N-PX: Annual proxy voting record||–|
|N-14: Merger||S-4: Merger|
|40-17G: Fidelity bond filing||–|
Another differentiation is that, unlike a corporate S-1 issuer with its single “stock,” N-1A funds have a three-tiered structure
- Trust – corporation: this is the entity that gets a CIK on the EDGAR system.
- Series – fund: this is the specific fund
- Class: most funds also have different share classes based on audience for that fund
There is a fee difference, too. N-1A don’t have a SEC filing fee nor do they typically work through the traditional typesetting and hardcopy printing process. This generally happens at the 485APOS and 485BPOS stage.
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